Friday September 18, 2020

CRH hoping to benefit from rising infrastructural spend

The building materials company has signalled it wants to increase capital returns to its shareholders this year

1st March, 2020
CRH‘s group finance director, said the company was well-placed to benefit from major infrastructure projects across various markets in 2020

Building materials giant CRH is eyeing a boost from increased infrastructure spend across key markets this year, after signalling its intent to ramp up capital returns to shareholders.

On Friday, the Irish firm proposed a 15 per cent increase in its annual dividend to 83 cent after reporting a 25 per cent jump in earnings before interest, taxation, depreciation and amortisation (Ebitda) to €4.2 billion.

CRH also hinted at a likely continuation of the share buyback programme it...

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